Time Finance (LON:TIME) Trading 7.2% Higher – Here’s What Happened

Time Finance plc (LON:TIME)’s stock price rose 7.2% during trading on Tuesday . The stock traded as high as GBX 52.85 and last traded at GBX 52. Approximately 164,697 shares changed hands during trading, a decline of 44% from the average daily volume of 294,772 shares. The stock had previously closed at GBX 48.50.

Time Finance Price Performance

The business’s 50 day moving average price is GBX 50.32 and its 200-day moving average price is GBX 54.85. The company has a quick ratio of 2.26, a current ratio of 1.38 and a debt-to-equity ratio of 2.82. The company has a market cap of £47.67 million, a PE ratio of 8.20 and a beta of 1.69.

Time Finance (LON:TIME) last issued its quarterly earnings results on Wednesday, September 24th. The company reported GBX 6.34 EPS for the quarter. Time Finance had a return on equity of 6.84% and a net margin of 13.43%. As a group, analysts forecast that Time Finance plc will post 5.89 earnings per share for the current year.

Insider Transactions at Time Finance

In other news, insider James Roberts acquired 11,404 shares of the company’s stock in a transaction that occurred on Thursday, September 25th. The shares were acquired at an average price of GBX 56 per share, with a total value of £6,386.24. 16.65% of the stock is owned by corporate insiders.

Time Finance Company Profile

Time Finance’s purpose is to help UK businesses thrive and survive through the provision of flexible funding facilities.

Time offers a multi-product range for SMEs concentrating on Asset, Loan and Invoice Finance. While focused on being an ‘own-book’ lender, Time does retain the ability to broke-on deals where appropriate, enabling it to optimize business levels through market and economic cycles.